Earnings release
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ASX Announcement 20 January 2021 TNT MINES LTD DECEMBER 2020 QUARTERLY ACTIVITIES REPORT HIGHLIGHTS • • Completed acquisition of Warriedar Mining Pty Ltd , owner of the strategically located Eureka and Warriedar gold projects located in Western Australia Warriedar Mining acquisition approved by shareholders at November AGM • 10,200m reverse circulation drilling program commenced in December at Eureka targeting high - grade extensions below historic open pit • • • $ 3.9m share placement completed to fast - track priority exploration programs Warriedar directors Alex Hewlett and James Croser , who were also directors of highly successful WA gold explorer Spectrum Metals , joined the Board of TIN Warriedar CEO Matt Boyes , an experienced geologist and mining executive , appointed CEO of TIN Permitting of initial drilling program progressing at East Canyon Uranium / Vanadium project located in Utah , USA TNT Mines Ltd ( ASX : TIN , ' TNT Mines ' or ' the Company ' ) , is pleased to present its Quarterly Activities Report for the period ended 31 December 2020 . ACQUISITION OF WARRIEDAR MINING TNT Mines signed a binding share sale agreement to acquire 100 % of Warriedar Mining Pty Ltd ( Warriedar ) , which owns the Eureka Gold Project 50km north of Kalgoorlie in the Western Australian Goldfields and the Warriedar Gold Project in WA's Murchison region . Both the Eureka and Warriedar projects have a history of gold production , are located close to established infrastructure including operating gold mills and demonstrate potential for the rapid delineation of significant shallow high - grade gold resources . Eureka , which is under granted Mining Leases and is the initial focus of exploration , contains an existing JORC2012 Indicated and Inferred Mineral Resource of 762,000 tonnes at 1.80 g / t Au for 43,100 ounces of contained gold¹ ( refer to ASX : TIN 23rd October 2020 ' TNT Acquires Historic Western Australian Gold Projects ' ) . All key resolutions pertaining to the acquisition of Warriedar were passed by shareholders at the AGM held on 30 November 2020 , and the acquisition was formally completed on the 23rd December . TNT Mines Limited | ACN 107 244 039 | tntmines.com.au